Skip to content

Turkish Team Visits Iran to Defuse Industry-Battering Gas Crisis

  • Markets plunge as pipeline officials try to restore flow
  • Domestic unit of Renault announces production suspension
Updated on

Turkey slashed electricity supplies to industry after Iran announced a temporary halt in natural gas exports, disrupting production and sending markets plummeting. 

Officials from state-run pipeline company Botas were dispatched on an emergency mission to Tehran to try to reverse the stoppage, which led to Turkey’s worst energy crunch in decades and threatens to clobber all-important exports. The Turkish government has imposed three days of power outages this week in hundreds of organized industrial zones.